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CALGARY, Alberta — Canadian Pacific and Kansas City Southern executives say combining their railroads into the first system linking Canada, the U.S., and Mexico will generate significant traffic growth across all commodities. “What a historic day,” CP CEO Keith Creel said during a Sunday afternoon investor webcast where executives touted the $29 billion deal to create […]
CALGARY, Alberta — Canadian Pacific’s proposed acquisition of Kansas City Southern will unite the two smallest Class I railroads and create the only North American system that will operate in the U.S., Canada, and Mexico. The combination of the 12,500-mile CP and 6,700-mile KCS, announced today, is a classic end-to-end merger: The railways currently interchange in […]
WASHINGTON — CSX Transportation has defended its proposed acquisition of New England regional Pan Am Railways. Vermont Rail System, along with transportation officials from Vermont and Massachusetts, claim the deal would harm rail competition in the region and should face a more thorough review from the Surface Transportation Board. Massachusetts officials and lawmakers also expressed […]
If you believe that railroads have sacrificed volume growth on the altar of the Cult of the Operating Ratio, then here’s some good news: A Wall Street analyst says major investors are growing weary of cost-cutting and want to see railroads attract more traffic. Credit Suisse analyst Allison Landry says some institutional investors are […]
WASHINGTON — Wabtec CEO Rafael Santana asked Congress today to help fund a Freight Rail Innovation Institute that will develop zero-emissions locomotive technology to replace the diesel by 2030. “Wabtec’s goal is to develop the next generation of zero-emission locomotives. Wabtec has a clear path to power new locomotives – and repower existing locomotives – […]
WASHINGTON — For the second week in a row, U.S. railroads saw in increase in both carload and intermodal traffic compared with the same week a year earlier, according to the latest figures from the Association of American Railroads. Statistics for the week ending March 13 show U.S. railroads moving 230,684 total carloads, a 2.1% […]
Crew misunderstanding, lack of ‘physical defenses’ play part in CP Calgary accident, TSB says A yard crew’s misunderstanding of track permission granted to an intermodal train, along with a lack of “physical defenses” such as signals, led to a collision and derailment of two Canadian Pacific trains near Calgary’s Alyth Yard in March 2019, the […]
WASHINGTON — Amtrak is taking its effort to start service along the Gulf Coast to the Surface Transportation Board. The passenger railroad is asking the regulatory body to require CSX Transportation and Norfolk Southern to permit operation of two daily round trips between New Orleans and Mobile, Ala. In its filing, Amtrak is asking for […]
WASHINGTON — In an unusual move, the company seeking to lease Colorado’s Tennessee Pass line from Union Pacific is asking that shipment of hazardous materials be prohibited from the line. In a filing Monday with the Surface Transportation Board, Colorado, Midland & Pacific Railway — the affiliate of holding company Rio Grande Pacific which has […]
Canadian National’s proposed acquisition of CSX Transportation’s Massena Line linking the Syracuse, N.Y., area with Montreal remains in limbo, two weeks after the Surface Transportation Board refused to reconsider a condition it placed on the deal. The railroads have declined to comment and they have not updated U.S. regulators. The railroads previously said they would […]
WASHINGTON — Anyone ready to lock in summer travel plans that involve long-distance trains will find lower fares on days that have had no service since last October. Amtrak wasted no time Wednesday in complying with marching orders from Congress in the just-passed economic stimulus legislation, immediately announcing when it would resume daily service on […]
Amtrak service will resume daily on 12 long-distance routes which had been cut to triweekly service in May and June, following Wednesday’s passage by Congress of the American Rescue Plan aid package, which includes funding for service restoration. Ticketing is already available for the restored service in Amtrak’s reservation system, meaning availability for seats and […]
